Scorpio Gold of Canada Intersects 9.4 g/t Gold Mineralized Interval in Nevada, USA

en.Wedoany.com Reported - On November 10, Canadian mining company Scorpio Gold announced new results from the Phase II drilling program at the Manhattan mining district in Nevada, USA. In the first modern deep diamond drill hole 26MN-133 completed at the April Fool target, a 13.05-meter gold mineralized interval was intersected from 78.63 meters underground, averaging 9.40 g/t gold, including two high-grade intervals of 2.44 meters at 16.03 g/t and 4.11 meters at 19.83 g/t. The target is approximately 850 meters from the Manhattan core resource area and represents the company's first modern systematic deep drilling in this region.

Hole 26MN-133 has a total depth of 512 meters, an azimuth of 160 degrees, and a dip of -45 degrees. In addition to the upper main mineralized interval, the hole also intersected 6.74 meters at 0.58 g/t gold from 124.99 to 131.73 meters depth, and 45.57 meters at 0.33 g/t gold from 235.85 to 281.42 meters depth. The latter interval is hosted in strongly altered metapelite, with molybdenite-bearing aplite veins and granitic intrusions visible within the host rock. The upper high-grade mineralization is primarily hosted in silicified hydrothermal breccias and fine-grained sulfides.

The drilling validated the exploration model previously established by the company through geological mapping and surface sampling. Geological surveys indicate that the April Fool target is located at the contact zone between volcanic rocks of the Manhattan caldera and Paleozoic metasedimentary rocks, with mineralization associated with faults and hydrothermal activity. The company believes that the faulted contact between volcanic rocks and older sedimentary rocks may have provided pathways for gold-bearing hydrothermal fluids, with mineralization concentrated near fault intersections and lithological contacts. This geological setting is similar to the Zanzibar trend, where multiple drilling results have been previously obtained within the mining district.

Sample analysis used photon assay. HQ-size drill core obtained on site was split longitudinally into halves, bagged with security seals, and sent to the MSALABS laboratory in Elko, Nevada for sample preparation. Testing used approximately 500-gram crushed samples; samples were first crushed to 70% passing a 2 mm screen, followed by two rounds of photon analysis. Approximately 10% of each sample batch consisted of quality control samples, including blanks, certified reference materials, and laboratory duplicates. The company disclosed that all quality control results were within acceptable ranges, and the laboratory complies with ISO 17025:2017 standards.

These results are from a single drill hole; reported interval lengths are drill core lengths, and existing geological data are insufficient to determine true thickness of the mineralized body. The company used 0.1 g/t gold as the cutoff for interval reporting, with no capping of the highest grades; one 0.79-meter sample assayed 35.94 g/t. The above data reflect single-hole exploration results.

As of November 10, Scorpio Gold's Phase II diamond drilling program has completed a total of 125 holes for 37,174 meters. Assay results have been released for 116 holes totaling 33,891 meters, while another 9 holes totaling 3,283 meters are still pending analysis. The company plans to next shift drilling to the Keystone-Jumbo target, continuing to test other historically mineralized areas within the Manhattan mining district that have not yet undergone modern systematic drilling.

The Manhattan mining district is located in the Walker Lane metallogenic belt in Nevada, USA. Scorpio Gold holds a 100% interest in the mining district, covering approximately 4,780 hectares. The company's maiden mineral resource estimate in 2025 covers the Goldwedge mining area and the Manhattan open-pit area, with an inferred resource of 18.343 million tonnes at an average gold grade of 1.26 g/t, containing approximately 740,000 ounces of gold.